GLOBAL OIL DEMAND PEAK: 2040
PLATTS - 15 Oct 2020 - Global oil demand is forecast to peak by around 2040 because transport-fuel demand will decline steeply and economic growth will slow in the post-coronavirus world, the Institute of Energy Economics, Japan, said in its annual IEEJ Outlook 2021 on Oct. 15.
"In the post-coronavirus era, we expect demand for transport fuels will be curbed significantly," Shigeru Suehiro, senior economist and manager at IEEJ's econometric and statistical analysis group, told an online press briefing.
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